In tax matters, obligations are not indefinitely subject to review or collection by the Administration. Costa Rican legislation establishes statute of limitations periods that limit the time during which the Treasury can exercise certain audit and collection powers.
However, many taxpayers are unaware that these deadlines can be interrupted by various administrative actions, such as notifications, requests for information, or the express acknowledgment of a tax obligation.
The correct identification of events that suspend or interrupt the statute of limitations is fundamental for evaluating tax contingencies and properly determining the rights and obligations of both the Administration and taxpayers.
For this reason, the analysis of the statute of limitations continues to be a relevant element within any tax management and defense strategy.
This has been a news service prepared by ICS. For more information about the report, write to info@ics.cr or call 2519-9992. ICS, tax specialists.